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Insurance Risk Consultant Jobs in Illinois (NOW HIRING)

General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Risk ConsultingatAIG AIG Risk Consulting helps AIG's Underwriting teams ...

Senior Risk Consultant

Chicago, IL · On-site

$135 - $150/hr

HUB is a global insurance and employee benefits broker, providing a boundaryless array of business ... PRIMARY RESPONSIBILITIESClient Service & Risk Consulting Develop and implement strategic ...

HUB is a global insurance and employee benefits broker, providing a boundaryless array of business ... Primary Responsibilities Client Service & Risk Consulting * Develop and implement strategic ...

Insurance Risk Manager Location: Southfield, MI or Skokie, IL(Hybrid) DRiV, Tenneco's Aftermarket ... Maintain strong relationships with insurance brokers, carriers, consultants, and third-party ...

Insurance Risk Manager Location: Southfield, MI or Skokie, IL(Hybrid) DRiV, Tenneco's Aftermarket ... Maintain strong relationships with insurance brokers, carriers, consultants, and third-party ...

Property Risk Consultant

Chicago, IL · On-site +1

$150K - $160K/yr

Aon is looking for a Risk Consultant for our Property Consulting Group We currently have an ... Risk insurance carrier or vendor. * Technically proficient in understanding, interpreting, and ...

Senior Associate, Risk Consulting (Insurance)

Chicago, IL · On-site

$15.50 - $18.50/hr

... consultant to lead teams of risk consulting professionals in addressing our clients' needs. Key Responsibilities As a Senior Associate in the Financial Services Risk Consulting (Insurance) practice ...

The Position As a Supervisor in RSM's growing Financial Services Risk Consulting Practice, you will ... Identify current and relevant insurance industry thought leadership and incorporate this into ...

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Showing results 1-20

Insurance Risk Consultant information

See Illinois salary details

$24

$51

$84

How much do insurance risk consultant jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for insurance risk consultant in Illinois is $51.32, according to ZipRecruiter salary data. Most workers in this role earn between $42.40 and $56.39 per hour, depending on experience, location, and employer.

What does an insurance risk consultant do?

An Insurance Risk Consultant helps businesses and individuals identify, assess, and manage potential risks that could impact their financial wellbeing or operations. They analyze clients' current insurance policies, evaluate exposures to various risks, and recommend strategies to reduce or transfer those risks through insurance products or risk mitigation techniques. Their goal is to ensure clients have the appropriate coverage and risk management strategies in place. Insurance Risk Consultants often work with companies across various industries, providing expert advice on compliance, claims management, and loss prevention.

What are the key skills and qualifications needed to thrive as an insurance risk consultant?

To thrive as an Insurance Risk Consultant, you need a strong background in risk assessment, analytical thinking, and a relevant degree such as finance, business, or actuarial science. Familiarity with risk modeling software, data analysis tools, and industry certifications like ARM (Associate in Risk Management) is typically required. Excellent communication, problem-solving abilities, and relationship-building skills help set top consultants apart. These skills are vital for accurately evaluating risk, advising clients effectively, and ensuring comprehensive risk mitigation strategies.

What are some common challenges faced by insurance risk consultants when assessing client risk profiles?

Insurance Risk Consultants often encounter challenges such as gathering accurate and comprehensive data from clients, keeping up with evolving regulatory requirements, and addressing complex or unique risk scenarios. Building trust with clients to obtain sensitive information and navigating diverse industries with varying risk exposures can also be demanding. Successful consultants overcome these obstacles through strong communication skills, continuous professional development, and close collaboration with underwriters, actuaries, and legal teams.

What is the difference between Insurance Risk Consultant vs Insurance Underwriter?

AspectInsurance Risk ConsultantInsurance Underwriter
CredentialsOften requires industry certifications like CPCU or ARMTypically holds similar certifications, sometimes with additional licensing
Work EnvironmentAdvises clients and analyzes risks for insurance companiesEvaluates applications and determines policy terms
Employer & Industry UsageConsulting firms, insurance companies, brokersInsurance companies, underwriting agencies

While both roles involve assessing risks, Insurance Risk Consultants focus on advising clients and analyzing complex risk scenarios, whereas Insurance Underwriters evaluate applications to determine policy eligibility and pricing. Understanding these differences helps in choosing the right career path or job search focus.

Does insurance risk consulting pay well?

Insurance risk consultants typically earn competitive salaries that vary based on experience, location, and certifications such as CPCU or ARM. Entry-level positions may start around $60,000 annually, while experienced professionals can earn over $100,000, especially with specialized skills and advanced credentials.

How much do insurance risk consultants get paid?

Insurance risk consultants typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and industry sector. Senior or specialized consultants with certifications like CPCU or ARM can earn higher salaries, often exceeding $120,000 annually.

What are popular job titles related to Insurance Risk Consultant jobs in Illinois?

For Insurance Risk Consultant jobs in Illinois, the most frequently searched job titles are:

What cities in Illinois are hiring for Insurance Risk Consultant jobs?

Cities in Illinois with the most Insurance Risk Consultant job openings:

Infographic showing various Insurance Risk Consultant job openings in Illinois as of August 2026, with employment types broken down into 71% Full Time, and 29% Part Time. Highlights an 71% In-person, and 29% Remote job distribution, with an average salary of $106,744 per year, or $51.3 per hour.

Captive Insurance Risk Consultant

Chicago, IL • Hybrid


Aon Corporation
Business Management Consulting • 10K+ employees

8.1

Company rating: 8.1 out of 10

Based on 77 frontline employees who took The Breakroom Quiz

63rd of 152 rated financial services

People enjoy working here

Good employer

Recommended by parents


Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago


Job description

Aon is looking for a Captive Insurance Risk Consultant (Virtual)

Providing our colleagues with opportunities to advance their careers is one of the main priorities of our Unmatched Talent agenda.  We have an excellent career opportunity in our Captive Insurance and Risk Management Consulting practice for a Captive Insurance Risk Consultant.

Captive Insurance and Risk Management Consulting focuses on consulting with clients to evaluate and develop unique solutions using captive insurance companies either in conjunction with or distinct from traditional insurance markets. This unit provides a broad range of captive consulting services which include; objective advice to clients interested in the feasibility of using a captive insurance company as part of their risk management program; and also expanding the scope of, or maximizing the utility of, an existing captive.
This position will be virtual in the US but with client responsibilities throughout The Americas.
Your Impact as a Captive Insurance Risk Consultant
Job Responsibilities

  • Serve as support to a project leader for engagements including a wide variety of risk consulting solutions for clients.
  • Prepare captive studies and/or portions of studies using existing models for a variety of clients in varied industries for multiple lines of business.
  • Assist in writing and pricing proposals.
  • Consistently create and improve methodology, products, and operational procedures.
  • Support Managing Director and Senior Consultants with client work, sales initiatives and other tasks as needed.
  • Contribute to the attainment of business unit annual revenue and profitability goals through appropriate client fee negotiations, managing controllable expenses, working efficiently with established processes and procedures, and effectively leveraging resources.
  • Seek and actively participate in sales calls and presentations.
  • Maintain effective relationships with Aon teams and clients.
  • Identify and build relationships with Aon Relationship Managers and prospects, securing strategic proposal opportunities for captive consulting.
  • Work with Aon Commercial Risk Solutions and other Aon teams to develop cross-sale opportunities.
  • Prepare and present proposals or support presenters in response to RFP’s.
  • Produce and/or support studies using internally developed models, templates and forms adding insights and ideas tailored for each client.
  • Ensure that the Aon work product is of high quality, adheres to all relevant standards of practice, and is provided in a timely manner.
  • Develop strategies for developing captive consulting business.
  • Create and foster a team culture across all account service and brokerage teams.

Role Requirements

  • BS or BA Degree or equivalent.
  • Excellent knowledge of Microsoft Excel, Word, and PowerPoint.
  • Minimum of three years relevant work experience.
  • Ability to work on multiple projects with multiple consultants and stakeholders.
  • Ability to handle technical detailed work.
  • Communicates effectively with senior management at the client level.
  • Solid understanding of risk consulting concepts and methodologies.
  • Ability to write reports for risk consulting projects that clearly communicates findings and methodologies with oversight.
  • Knowledge of captive insurance companies and the captive insurance industry.
  • Knowledge of alternative risk financing approaches, insurance coverage options and major program designs.
  • Commitment to client service and business ethics.
  • Outstanding written and verbal communication skills.
  • Familiarity with the interpretation of financial statements.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself.  We offer a variety of working style solutions for our colleagues as well. 

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. 

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com 

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 

 

Pay Transparency Laws: 

The salary range for this position intended for U.S. applicants is $74,000 to $96,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data.  The salary may also be adjusted based on applicant’s geographic location.  The actual salary may vary for applicants in a different geographic location. 

This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary.  The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan. 

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions.  Eligibility for benefits is governed by the applicable plan documents and policies.

  • #LI-BN1
  • #LI-REMOTE
2575665Qualifications:UNAVAILABLEEducation:UNAVAILABLEEmployment Type: FULL_TIME

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About Aon

Sourced by ZipRecruiter

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1992


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Benefits

Hours and flexibility

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